Out of State Partnerships

[Tj Barrett]

Hey there! I am pretty new to BP so sorry if this is a dumb question. I have kicked around the idea of purchasing in a market that is no my own, due to the lack of cash-flow in my area. I have ties (from my college) out in the midwest, and am considering working an out of state partnership at this point to take advantage of the cheaper prices and better cash-flow. Could some of the more experienced out of state investors give me some advice on what they to "build their team" as well as if you have done any partnerships with a local boots on the ground person how that typically looks. Do you give them equity in the deal? Pay them a finders and management fee? I want to take care of that person so they feel like working with me is worth their time. Thanks.